LUCAPA STEPS UP KIMBERLITE DIAMOND PROGRAM AT LULO

Lucapa Diamond Company Limited (ASX: LOM) (“Lucapa” or the “Company”) is preparing to commence the next phase of the the Company’s kimberlite exploration program at the Lulo Diamond Concession in Angola. New program includes extensive further evaluation of four known diamond-bearing Lulo kimberlites as Lucapa steps up its search for the sources of the exceptional alluvial diamonds being mined at Lulo. – March 23, 2015 ASX Announcement.

HIGHLIGHTS

More than 80 kimberlite targets to be sampled and/or drilled at Lulo as part of a comprehensive 24-month program which builds on the positive kimberlite exploration results achieved to date.

New program to commence in April with extensive further evaluation of four known diamond- bearing pipes at Lulo and laboratory analysis of drill core.

First bulk samples also to be excavated from the priority L46 kimberlite, which has been identified as a likely source of the high-grade diamonds recovered from the E46 alluvial area at Lulo.

Program includes drilling of 48 priority targets in the western kimberlite province and first testing of 38 targets in the new eastern kimberlite province at Lulo.

Kimberlite program will utilise the original 10tph diamond sampling plant at Lulo to enable continuous alluvial diamond mining through main 150tph diamond plant.